Hindustan Copper declines on reporting marginal fall in Q3 net profit
![Hindustan Copper declines on reporting marginal fall in Q3 net profit](https://portfolio.investmentguruindia.com/uploads/news/Copper_09.jpg)
Hindustan Copper is currently trading at Rs. 239.05, down by 5.20 points or 2.13% from its previous closing of Rs. 244.25 on the BSE.
The scrip opened at Rs. 243.30 and has touched a high and low of Rs. 243.60 and Rs. 238.50 respectively. So far 92324 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 415.60 on 22-May-2024 and a 52 week low of Rs. 217.10 on 13-Jan-2025.
Last one week high and low of the scrip stood at Rs. 250.00 and Rs. 229.20 respectively. The current market cap of the company is Rs. 23111.87 crore.
The promoters holding in the company stood at 66.14%, while Institutions and Non-Institutions held 12.47% and 21.38% respectively.
Hindustan Copper has reported 0.16% fall in its net profit at Rs 62.90 crore for third quarter ended December 31, 2024 as compared to net profit of Rs 63.00 crore for the same quarter in the previous year. Total income of the company decreased by 16.05% at Rs 343.57 crore for Q3FY25 as compared to Rs 409.24 crore for the corresponding quarter previous year.
Hindustan Copper, a public sector undertaking under the administrative control of the Ministry of Mines, was incorporated on November 09, 1967. It has the distinction of being the nation’s only vertically integrated copper producing company as it manufactures copper right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products.
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